The Time To Buy Is Now!
The golden rule when investing – be it in real estate, stocks or anything else – is to “buy low, sell high”. Given the current economic conditions, this advice is highly relevant especially if you are an investor interested in getting the most worth for your money. As a result, distress properties are definitely the right choice for you!
You are probably already aware that to make a good investment, the timing of your purchase is a very important factor. But do you know the details of investing in a changing real estate market? Are you aware of the different types of distress properties and the merits of each? For example, pre-foreclosure properties in particular are the most ideal real estate opportunity for investors wanting to close a deal quickly. On the other hand, if you are a novice investor, foreclosure properties would be most appropriate for you. The FREE series of “Distress Properties Reports for Investors” will help you learn about various aspects of investing in distress homes, and assist you in making the most well-informed decisions.
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Friday, October 9, 2009
How To Get a Great Deal on an Orlando Vacation Home
Buying a Vacation Home
Have you often wondered what it would be like to own a beautiful vacation property in your desired getaway spot? Have you been reluctant to take the final step due to the inflated prices of such properties? Well, now is the ideal time to take action! In fact, given the current reduction in home prices, you could actually stay at your favorite vacation destination the entire year if you wanted to! This is due to the fact that great homes have been going through the distress sales process in a variety of vacation hotspots throughout the country. As a result, the prices of such properties have dropped dramatically. Your Dream home is no longer a dream, but closer than ever to becoming a reality.
So how do you make a great vacation buy? What are the top destinations for vacation foreclosures? Find the answers to these questions and learn more about why the time is right for investing in vacation homes in the FREE series of "Distress Properties Reports for Vacation Home Buyers".
Click Here to View Video Reports
Have you often wondered what it would be like to own a beautiful vacation property in your desired getaway spot? Have you been reluctant to take the final step due to the inflated prices of such properties? Well, now is the ideal time to take action! In fact, given the current reduction in home prices, you could actually stay at your favorite vacation destination the entire year if you wanted to! This is due to the fact that great homes have been going through the distress sales process in a variety of vacation hotspots throughout the country. As a result, the prices of such properties have dropped dramatically. Your Dream home is no longer a dream, but closer than ever to becoming a reality.
So how do you make a great vacation buy? What are the top destinations for vacation foreclosures? Find the answers to these questions and learn more about why the time is right for investing in vacation homes in the FREE series of "Distress Properties Reports for Vacation Home Buyers".
Click Here to View Video Reports
Orlando Short Sale Secrets for Orlando Home Sellers
Behind on your payments and have no equity? We can help.
Whether positive or negative, short sales are definitely creating a buzz in the marketplace. Aren’t you curious to find out why? The primary reason is the fact that short sales can prove to be a very effective way of selling your home quickly, especially given the current market situation.
Whether positive or negative, short sales are definitely creating a buzz in the marketplace. Aren't you curious to find out why?
The primary reason is the fact that short sales can prove to be very effective way of selling your home quickly, especially given the current market situation.
In order to ensure that a short sale works for your home, you need to know :
Whether positive or negative, short sales are definitely creating a buzz in the marketplace. Aren’t you curious to find out why? The primary reason is the fact that short sales can prove to be a very effective way of selling your home quickly, especially given the current market situation.
Whether positive or negative, short sales are definitely creating a buzz in the marketplace. Aren't you curious to find out why?
The primary reason is the fact that short sales can prove to be very effective way of selling your home quickly, especially given the current market situation.
In order to ensure that a short sale works for your home, you need to know :
- How to successfully negotiate a short sale
- What are the benefits of conducting a short sale
- How a Realtor can help with the process
This FREE series of Short Sales Video Reports will provide you with all this information and more.
Foreclosure Secrets - Orlando First Time Buyers
Can you afford to make such an investment? And is worth the risk?
Fortunately, as a first-time buyer, you are actually in the best of positions when it comes to buying real estate. And right now, distress properties are worth looking into and may be a great way to get a terrific deal on a home. Now there are still a number of things that you should be aware of before you buy your first home such as:
1. What to look out for and how to get the best value for your money?
2. Should you be looking at pre-foreclosures or foreclosures?
3. What are the top misconceptions regarding distress properties?
4. How easily can you get mortgage financing?
FREE Video Reports - Click Here
Fortunately, as a first-time buyer, you are actually in the best of positions when it comes to buying real estate. And right now, distress properties are worth looking into and may be a great way to get a terrific deal on a home. Now there are still a number of things that you should be aware of before you buy your first home such as:
1. What to look out for and how to get the best value for your money?
2. Should you be looking at pre-foreclosures or foreclosures?
3. What are the top misconceptions regarding distress properties?
4. How easily can you get mortgage financing?
FREE Video Reports - Click Here
Thursday, October 8, 2009
New Proposed home "short sales" plan
The U.S. Treasury will soon finalize a plan to expand its incentives for mortgage companies to include "short sales" as a way to stem a rising tide of foreclosures, according to a Treasury spokeswoman.
"Short sales," or sales of homes for less than the balance on existing mortgages, are seen as a key way to supplement other efforts such as loan modifications to steady housing. Unlike most modifications, "short sales" eliminate the problem of negative equity that has become a big reason for defaults as home prices have plunged.
The incentives, first announced in May, would expand the government's Home Affordable Modification Program that has seen limited success in lowering payments for hundreds of thousands of homeowners deemed eligible. Just 12 percent of homeowners eligible have had their loans reworked, leaving millions more foreclosures to come, the Treasury said on September 9. complete story
Source: Reuters - Al Yoon
"Short sales," or sales of homes for less than the balance on existing mortgages, are seen as a key way to supplement other efforts such as loan modifications to steady housing. Unlike most modifications, "short sales" eliminate the problem of negative equity that has become a big reason for defaults as home prices have plunged.
The incentives, first announced in May, would expand the government's Home Affordable Modification Program that has seen limited success in lowering payments for hundreds of thousands of homeowners deemed eligible. Just 12 percent of homeowners eligible have had their loans reworked, leaving millions more foreclosures to come, the Treasury said on September 9. complete story
Source: Reuters - Al Yoon
FREE Foreclosure Secrets - Real Estate Reports
These Deals Won't last Forever!
In today's market, distress and foreclosure properties are the hottest ticket when it comes to purchasing real estate. Price reductions have created a true "buyer's market". This means that prices are lower than ever, and buyers can find fantastic deals that would not be available under regular circumstances!
It is crucial to have a solid understanding of how to purchase the right kind of distress property if you want to take advantage of the great deals out there.
So, let's get started. Whether you are a first time buyer who is new to the process, or a veteran investor who has been through it all before. These exclusive video reports on Foreclosures are sure to include something you were not aware of. And the best part: they're free.
Just click on any one of the video topics below to get started.
New Realty Website of Interest - Orlando Real Estate Associates
OrlandoRealEstateAssociates.com is a group of exceptional Orlando real estate agents who have developed an unique Home Selling System specializing in foreclosure homes and short sales. Contact us for all Orlando real estate services.
The Orlando Real Estate Associates and Home Selling Team covers the Orlando - Kissimmee metro areas. Orlando Central Florida Counties include: Orange County, Seminole County, Osceola County, Polk County and Lake County.
Friday, October 2, 2009
Helping Families Save Their Orlando Homes
By now, everyone knows that, just like the Dot Com bubble, the real estate market grew its own bubble to a degree that it finally popped. Foreclosure numbers went up, sales went down and everyone, from the government to lenders to John Q public, started looking around for someone they could point a finger at and blame.
The hard truth is that placing blame doesn’t do anyone any good, especially those trying to save their Orlando homes. The truth is that it’s time to do what Americans have been doing since the country was founded – picking ourselves up off the ground, dusting off and working with what we still have. Thanks to new acts such as the “Helping Families Save Their Homes Act of 2009,” it’s even more possible to do that.
If you’ve been dealing with the possibility of foreclosure, you may have missed the news, so here are a few uplifting highlights that can make all the difference:
The hard truth is that placing blame doesn’t do anyone any good, especially those trying to save their Orlando homes. The truth is that it’s time to do what Americans have been doing since the country was founded – picking ourselves up off the ground, dusting off and working with what we still have. Thanks to new acts such as the “Helping Families Save Their Homes Act of 2009,” it’s even more possible to do that.
If you’ve been dealing with the possibility of foreclosure, you may have missed the news, so here are a few uplifting highlights that can make all the difference:
- If you rent your Orlando home and the home is foreclosed upon, you have to receive a 90-day eviction notice. You can’t just be preemptively kicked off the property. As well, if you have a lease you have to be allowed to live on the property until the lease is up unless:
a) the new owner wants to move in and make it his or her residence or
b) state law says the lease can be terminated on notice. - Although three months doesn’t seem like a lot of time, that’s three months you wouldn’t have had in most states before the Act was passed.
- Lenders and homeowners are now receiving incentives for successful loan modifications and refinancing under the Making Homes Affordable Program. According to the White House government website, “Servicers covering more than 75 percent of loans in the country have now begun modifications and refinancing under the Administration’s MHA Program.”
- One of the biggest challenges to homeowners is finding out who owns the mortgages on their homes. This can make it incredibly difficult to discuss refinancing or modification with the mortgage owner. Thanks to the Act, you have to be informed whenever your loan is sold or transferred to another party. Now, you always know who has control of your mortgage and who you need to talk to.
Dealing in the current real estate market can be hard. If you’re already struggling financially, it can be even harder. Try to keep abreast of the current laws that can help homeowners and families keep their Orlando homes!
If you can’t qualify for loan modification or refinancing, and are considering a short sale, we can help. Call us at 407-876-5771 for more information.
6 Tips to Protect Foreclosures in Orlando from Loan Modification Scams
Many facing the possibility of being added to the number of foreclosures in Orlando are frightened, often frustrated and feel helpless. It’s understandable; nobody wants to lose their home. However, those feelings often lead to being victimized by loan modification con artists who promise freedom from foreclosure for a little bit of money and leave victims in their wake.
Here are a few tips to protect yourself from scams that could take you one step closer to becoming one of the foreclosures in Orlando:
- Never believe a guarantee. No one, company or individual, can guarantee loan modification or that your lender won’t foreclose. If the loan modification company starts spouting guarantees, walk away.
- Never sign over power of attorney. Sometimes, con artists will tell you that if you sign over your house to them, their good credit can help save your home. This is never a legitimate proposal and no legitimate company will ask you to do this.
- Never spend thousands of dollars. Fees higher than $6,000 should be dismissed. Often, scam companies will charge absurdly high upfront fees to help. While some counselors will charge you a fee, those costs are added up after the loan closes, NOT before they even do anything. As well, any company charging over $4,000 needs to have a proven high quality of service and level of success.
- Always talk to your lender first. Many loan modification scam artists will tell you to stop communicating with your lender. Communication is key, however, since your lender owns the note and will, ultimately, approve or deny the modification. Talk to your lender to find out how to refinance or restructure your payment.
- Always check with the Better Business Bureau before hiring a “rescue” company. You can check with the Attorney General or Real Estate Commission as well.
- Always look for free services first. Many foreclosure specialists can help, and will do so free of charge if you can’t afford them. As well, the U.S. Department of Housing and Urban Development (HUD) has approved housing counseling that will provide foreclosure prevention services, also free of charge.
When you’re already faced with the possibility of being one of the foreclosures in Orlando, you need help – not someone who will push you further across the line. Be careful when looking for loan modification help.
If your loan modification has been denied and you need to do a short sale instead, we can help. Call us at 407-876-5771 for more information.
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